How Kip was paid
$5.7M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Stock | Options | Other | Total |
|---|---|---|---|---|---|---|
| Jeffrey W. KipChief Executive Officer | $650,000 | — | — | $4,995,000 | $10,000 | $5,655,000 |
| Joseph LevinExecutive Chairman and Former Chief Executive Officer | $247,692 | — | — | $4,995,000 | — | $5,242,692 |
| Andrew RussakoffChief Financial Officer | $421,154 | $320,000 | $1,214,378 | — | $8,221 | $1,963,753 |
| Kris BoonChief Product Officer | $526,072 | $329,367 | $2,130,709 | — | $138,654 | $3,124,802 |
| Glenn OrchardChief Growth Officer | $472,189 | $337,278 | $632,002 | — | $108,450 | $1,549,919 |
What changed and why
- $5.7MChief Executive Officer Jeffrey W. Kip received total compensation of $5,655,000 for fiscal 2025.
- 80%Long-term incentives comprised 80% of target compensation for the Chief Executive Officer.
- $5MExecutive Chairman Joseph Levin received stock options valued at $4,995,000 in fiscal 2025.
- The ratio of the Chief Executive Officer pay to median employee pay was 75 to one.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.